Commodity Trade Mantra

Posts Tagged ‘Gold Bars and Coins’

India’s Hunger for Gold is Legendary - But who are these Gold Buyers?

India’s hunger for gold is not surprising – people have been complaining about the “drain of gold” into India for ages. In Q1, 2017, India’s demand for gold jewellery was 92.3 tonnes, v/s 22.9 tonnes from the US & demand for gold bars and coins was 31.2 tonnes in Q1 2017 v/s 16.2 tonnes from the US. But where in India does the gold go to? And who are the people who buy all this gold jewellery?

Something Big Is About To Happen With Gold And Silver

I believe this is just the beginning of what will become an AVALANCHE of physical gold and silver buying. Right now there is only a hint of fear. Wait until the markets really start to tank as the price of oil heads below $20. All it would take would be the bankruptcy of a financial institution such as Deutsche Bank to push the whole thing over the cliff.

Russians Buy More 25 Tonnes Of Gold Bullion Again In June

Russia puts great strategic importance on its gold bullion reserves. While its gold reserves may not be on a par with western nations it is worth noting that neither is Russia’s debt. In the event of a new global debt crisis and an international monetary crisis, Russia is less fragile than many debt-laden western economies.

follow us

markets snapshot


Market Quotes are powered by Investing.com

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook